OffersSports activities
02 February 2024, 5:23 pm 1 minute
Reuters completely reported that Saudi Arabia-backed sports activities fund SRJ was in unique talks to again a brand new biking league, which Reuters additionally completely reported was within the works again in October. The nation is concentrating on one more sport to upend within the wake of earlier investments in golf, soccer and Method One. The story was additionally picked up by ESPN.Â
Market Affect
If profitable, the deal would mark Saudi Arabia’s first vital involvement in biking after pouring billions into different sports activities worldwide equivalent to soccer, motorsports and martial arts. Sports activities is without doubt one of the pillars of the federal government’s Imaginative and prescient 2030 financial diversification plan.
Article Tags
Matters of Curiosity: OffersSports activities
Kind: Reuters Greatest
Sectors: Sports activities
Areas: Center East
International locations: Saudi Arabia
Win Varieties: Exclusivity
Story Varieties: Unique / Scoop
Media Varieties: Textual content
Buyer Affect: Vital Nationwide Story
